Financials Sun Tekstil Sanayi ve Ticaret

Equities

Market Closed - Borsa Istanbul Other stock markets 08:35:02 13/05/2024 pm IST			5-day change	1st Jan Change
16.02 ^TRY	-4.24%		-8.04%	-18.27%

03/05	Sun Tekstil Sanayi ve Ticaret A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Sun Tekstil Sanayi ve Ticaret A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Fiscal Period: December	2022	2023	2024	2025
Capitalization ¹	400.6	285.4	218.7	-
Enterprise Value (EV) ²	391.8	285.4	232.2	252
P/E ratio	-	-	7.89 x	5.56 x
Yield	-	-	1.81%	2.56%
Capitalization / Revenue	2.04 x	1.29 x	0.67 x	0.48 x
EV / Revenue	1.99 x	1.29 x	0.71 x	0.56 x
EV / EBITDA	14.2 x	9.29 x	5.03 x	3.77 x
EV / FCF	208 x	-	15.4 x	7.83 x
FCF Yield	0.48%	-	6.49%	12.8%
Price to Book	-	-	2.46 x	1.74 x
Nbr of stocks (in thousands)	4,74,600	4,74,600	4,74,600	-
Reference price ³	16.89	19.60	16.02	16.02
Announcement Date	12/03/23	03/05/24	-	-

¹TRY in Million²EUR in Million³TRY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025
Net sales ¹	-	196.5	221.9	328.1	451.3
EBITDA ¹	-	27.57	30.73	46.17	66.87
EBIT ¹	-	25.09	24.84	42.58	61.73
Operating Margin	-	12.77%	11.19%	12.98%	13.68%
Earnings before Tax (EBT) ¹	-	30.91	12.54	39.17	56.13
Net income ¹	13.35	30.81	6.789	29.31	41.61
Net margin	-	15.68%	3.06%	8.93%	9.22%
EPS ²	0.4971	-	-	2.030	2.880
Free Cash Flow ¹	-	1.88	-	15.07	32.2
FCF margin	-	0.96%	-	4.59%	7.14%
FCF Conversion (EBITDA)	-	6.82%	-	32.63%	48.16%
FCF Conversion (Net income)	-	6.1%	-	51.4%	77.4%
Dividend per Share ²	-	-	-	0.2900	0.4100
Announcement Date	29/04/22	12/03/23	03/05/24	-	-

¹EUR in Million²TRY

Estimates

Fiscal Period: December	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	13.5	33.3
Net Cash position ¹	-	8.79	-	-	-
Leverage (Debt/EBITDA)	-	-	-	0.2933 x	0.498 x
Free Cash Flow ¹	-	1.88	-	15.1	32.2
ROE (net income / shareholders' equity)	-	60.6%	-	37%	37%
ROA (Net income/ Total Assets)	-	27.6%	-	-	-
Assets ¹	-	111.8	-	-	-
Book Value Per Share ²	-	-	-	6.500	9.200
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	5	-	11.5	9.04
Capex / Sales	-	2.54%	-	3.5%	2%
Announcement Date	29/04/22	12/03/23	03/05/24	-	-

¹EUR in Million²TRY

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

A-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

16.02 TRY

Average target price

25 TRY

Spread / Average Target

+56.05%

	1st Jan change	Capi.
SUN TEKSTIL SANAYI VE TICARET	-18.27%	25Cr
LANCY CO., LTD.	-10.14%	107.1Cr
JNBY DESIGN LIMITED	+42.48%	95Cr
JINHONG FASHION GROUP CO.,LTD.	+1.10%	48Cr
XIN HEE CO.,LTD.	-17.38%	40Cr
TCNS CLOTHING CO. LIMITED	+17.84%	33Cr
PEARL GLOBAL INDUSTRIES LIMITED	-7.99%	32Cr
RIBO FASHION GROUP CO., LTD.	-32.12%	31Cr
ANZHENG FASHION GROUP CO., LTD.	-35.54%	29Cr
09WOMEN CO., LTD.	-8.60%	9.4Cr